Tag Archives: UK Gambling Commission (UKGC)

The final quarter of the year saw huge news across a range of areas of the international betting and gaming industry, as two major acquisition sagas concluded – with differing results – and the UKGC made a number of important announcements.  In the second half of 2021, the betting sector closely followed a prominent transatlantic development, as major US player …

The second quarter of 2021 saw major developments across the European betting industry, as Germany introduced a new tax regime, British regulators came under increasing scrutiny and a major bidding contest got underway. In Germany, April saw the ratification of the federal Fourth Interstate Treaty on Gambling (GlüNeuRStV) by the Bundesländer of Saxony-Anhalt, following approval by 13 other states.  The …

As 2021 began, the UK betting sector was fixated with the onset of the review of the 2005 Gambling Act review, the outcomes of which would become clearer as the year progressed. The overhaul of the UK’s regulatory gambling regime did not just catch the eye of industry leaders, however, as Chancellor of the Exchequer Rishi Sunak voiced his concerns …

The UK Gambling Commission (UKGC) has taken enforcement action against International Multi-Media Entertainments Limited (IMME) due to suitability, social responsibility and money laundering’. After a nearly year-long licence review, commencing on 17 January 2020, IMME has made the decision to surrender its UK gambling licence, after the Commission was minded to revoke the certification.  IMME offers services for the betting …

Stake.com has made its debut in the UK market, officially launching its site in the country after earlier securing a UK Gambling Commission (UKGC) licence. The site will run in partnership with TGP Europe, which will power sportsbook, casino and gaming products, as part of its global expansion plans beyond its core Latin American and Canadian markets and operated by its Australia …

The UK Gambling Commission (UKGC) has published its Compliance and Enforcement Report, providing an overview of its casework over the financial year and identifying areas where the industry needs to ‘raise standards’. Throughout the 2020-2021 financial year, the UKGC revoked the licence of one operator and nine personal management licence holders, whilst also suspending the licences of five additional operators.  …

Chris Philp, DCMS Gambling Minister, has outlined the government’s strategy to counter gambling related harm, offering an update on the progress of the White Paper on the 2005 Gambling Act review. Giving a keynote speech entitled ‘Collaboration in the Prevention of Gambling Harms’ at GambleAware’s ninth annual conference, the Minister highlighted the need for a collaborative approach involving various industry …

Following on from its acquisition of Aspire Global’s B2C assets, Esports Technologies has confirmed that it has gained a UK gambling licence under the terms of an operator services agreement. Esports Technologies, which is listed on the US Nasdaq as EBET, took over Aspire’s B2C operations for $76 million (€68m), including UK-focused online sports betting and casino brands Karamba, Hopa, …

A Shadow Cabinet reshuffle has seen two new additions with responsibility for betting industry oversight, Lucy Powell MP and Alex Davies-Jones MP, who have been welcomed by the Betting and Gaming Council (BGC). Powell currently serves as MP for Manchester Central and will replace Jo Stevens MP as the Shadow Secretary of State for Digital, Media, Culture and Sport, whilst …

Fantasy football platform Sorare has entered into a partnership with SEON, leveraging the latter’s solutions to detect fraud within its referral programme. The agreement will see Sorare utilise SEON’s onboarding monitoring, device fingerprinting and tailored risk rules offerings to identify and prevent referral fraud and protect its Non-Fungible Token portfolio. Solutions included under the terms of the partnership include Email …